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Home > News > WS Blog > March 2016 > Market spotlight: Buffalo, New York

Market spotlight: Buffalo, New York

3/15/2016 3:00:10 AM

Downtown Buffalo, New York, has seen an explosion of redevelopment, with old vacant warehouses being converted into Millennial-friendly loft-style apartments and condominiums. Weather Shield Windows & Doors is proud to provide custom products to help developers conform to the requirements for historical tax credits.    

Many urban, former industrial areas are experiencing a renaissance that many attribute to millennials’ interest in urban living, a general weariness for long commute times and a greater interest in contemporary architecture. Buffalo, New York, in particular, is experiencing one of the most robust urban renewals in the country.

During the recent recession, downtown Buffalo had blocks upon blocks of vacated brick warehouses that were once home to manufacturers and large employers. The City of Buffalo devised a plan for redeveloping the urban core into a 24/7 “live-work-play” area fueled by the creation of a medical corridor anchored by Roswell Hospital. The plan would draw 22,000 skilled medical professionals to the city. The State of New York got behind the plan with stimulus funds and the Federal Department of Conservation offered tax credits to developers and contractors preserving the historic nature of the buildings in their redevelopment.

By all accounts, the plan is working. According to the Buffalo News, the latest census data indicates there’s been a 50% increase in the number of people living in downtown Buffalo since 2010. About 643 apartments, many loft-style, have opened since 2011 – only 450 had opened between 2000 and 2009. Another 294 are under construction and 520 are in the planning stages.

Over half of the residents are between 18 and 34 years old, and are drawn to the downtown for the ease of access to public transportation and a burgeoning social scene driven by many new establishments open until 4 a.m.

Weather Shield Windows & Doors and its dealer, B&L Wholesale Supply, have supplied products for several of the renovation and new construction projects because Weather Shield is able to emulate historic windows to the finest details.

One of the first buildings in Buffalo to be renovated was the Hotel at the Lafayette, which was built in 1905. Weather Shield Premium Series windows were specified for the renovation because they could beautifully and efficiently maintain the building’s historic authenticity and meet the Department of Conservation’s requirements for historic tax credits.

In Buffalo’s “Hydraulics District,” the series of buildings now known as 500 Seneca have been restored to new-found glory with the help of Weather Shield Premium Series windows. The buildings originally built between 1901 and 1927 now house 106 loft-style apartments, Class A offices, exciting retail components, green areas and unique cultural space.

Weather Shield products were also used in the restoration of the 6-story Sinclair Building, which includes mixed use space and 45 apartments on the upper floors.

Redevelopment in Buffalo shows no signs of slowing any time soon. After the stagnate times during the recession, the renewal is a welcome site to many.
 

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